Finance Yorkshire invests £68 million

From left: Sue Morton, Abbeydale Brewery, Patrick Morton, Abbeydale Brewery, Andrew Hulse and Andy Chaffer of Finance Yorkshire.
From left: Sue Morton, Abbeydale Brewery, Patrick Morton, Abbeydale Brewery, Andrew Hulse and Andy Chaffer of Finance Yorkshire.
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More than £68m has been invested in SMEs by regional funding body Finance Yorkshire since August 2010, new figures reveal.

A total of 545 investments have been made in small and medium-sized enterprises in Yorkshire, creating 2,782 jobs and safeguarding 3,826. Some 32 new business have been created and 326 helped, generating £84m in increased turnover and leveraging £109m from the private sector.

Alex McWhirter, chief executive of Finance Yorkshire, said: “These figures are a strong demonstration of the impact and value that we bring to SMEs across the Yorkshire region. In what has been a difficult couple of years, our investments have helped companies grow and maintain their competitive edge, increasing turnover, creating much-needed jobs and fuelling the regional economy.

“I’m confident our investments across a range of sectors will continue in the coming months, particularly with the upturn in the economy and a strong desire among SMEs to seek finance for growth.”

Finance Yorkshire provides seedcorn, loan and equity linked investments, from £15,000 to £2m to help SMEs.